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OPEC, Allies Agree on Another Modest Oil Output Hike

OPEC and its allies decided on Tuesday to maintain their policy of modestly boosting oil output next month as the rapidly spreading Omicron variant has so far not heavily hit demand.

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'End-of-Life': Old BlackBerries No Longer Work from Tuesday

Nostalgic for those mobile phones with a physical keyboard? Brace yourself, because as of Tuesday many models of the once-indispensable BlackBerry devices will no longer work.

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Stocks Rally on Easing Omicron Fears, Oil Up before OPEC

Stock markets rallied Tuesday as investors bet on reduced economic fallout from the Omicron variant, while oil prices edged higher before a key OPEC output meeting.

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Lebanese Lira Hits New Record Low on Black Market

The Lebanese pound sank to a new low on the black market on Monday, with no end in sight to the economic and political crisis gripping the country.

According to apps monitoring the black market rate, the pound was trading at 29,000 to the dollar on Monday afternoon, a record low.

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OPEC Names Kuwait Oil Executive as Secretary General

Top oil producing countries on Monday picked Kuwaiti oil executive Haitham al-Ghais as the next secretary general of the Organization of the Petroleum Exporting Countries (OPEC).

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Biden to Meet with Farmers as He Seeks to Cut Meat Prices

U.S. President Joe Biden will meet virtually with independent farmers and ranchers to discuss initiatives to reduce food prices by increasing competition within the meat industry, part of a broader effort to show the administration is trying to combat inflation.

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Tesla Delivers Almost 1 Million Cars Globally

Tesla said Sunday it delivered nearly one million vehicles in 2021, almost twice as many as in the previous year, results that were better than expected despite global supply challenges. 

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Markets Begin 2022 on a High Note

Stock markets rose Monday in the first trading day of 2022 following stellar performances last year, as investors keep an eye on the coronavirus pandemic, inflation and looming central bank rate decisions.

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The Costs of Erdogan's Fight for Turkey's 'Economic Independence'

Turkey's consumer prices have soared by the highest rate since 2002, further undermining President Recep Tayyip Erdogan's unorthodox battle for his developing country's "economic independence."

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Turkish Inflation Hits 19-Year High in Lira Crisis

Turkey's annual inflation rate surged to its highest level since 2002 in December, official data showed Monday, after a currency crisis sparked by President Recep Tayyip Erdogan's unconventional economic policies.

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